Two-Thirds In Uptrends — But Somehow Still Weak? 🧮

Today's number is... 63%

That’s the percentage of S&P 500 stocks currently above their 200-day moving average — a new high for 2025.

Here’s the chart:

Let's break down what the chart shows:

• The top panel shows the S&P 500 daily close in black, with its 200-day moving average in red.
• The bottom panel plots the percentage of S&P 500 stocks trading above their 200-day moving averages as a black line.

The Takeaway: Two-thirds of the S&P 500 are in long-term uptrends — and that’s somehow being called weak?

63% of S&P 500 stocks are above their 200-day average — a new high for 2025, and stronger than 73% of all days in the past three years.

Which isn’t rare air — but it’s not soft either.

The S&P 500 itself is trading more than 8% above its own 200-day average. 

That’s a hallmark of strength, not weakness pretending to be leadership.

There’s a crowd of people on X still calling this a narrow market. 

But the data disagrees. 

When nearly two-thirds of stocks are trending higher across the index, that’s not something you fade. It’s something you respect.

Historically, breadth in this zone supports trend continuation — not collapse. 

This kind of structure doesn’t mark tops — it reinforces the uptrends.

If this is weak… what exactly are we waiting for — 100%?

Let me know! 

Grant Hawkridge | Chief Aussie Operator, All Star Charts

From breakout setups to sector rotation, we cover what matters. With Premium, you get curated watchlists like the “Hall of Famers” and “Freshly Squeezed” — plus our take on what to do with them.

Stay on top of the action and trade with confidence.

If you find my content valuable, I would greatly appreciate it if you could share it with your friends, family, and colleagues. Your help in spreading the word is invaluable in supporting our work. Thank you to all of you who share!

Sign Up Free For The Daily Number